Business Agreements Worth USD822 Million Signed during IAID

    Wahyu Dwi Anggoro - 22 Agustus 2019 13:58 WIB
    Business Agreements Worth USD822 Million Signed during IAID
    Illustration ( Rizal)
    Jakarta: During the two-day Indonesia-Africa Infrastructure Dialogue (IAID) in Nusa Dua, Bali, several business agreements worth US$822 million or around IDR 12.3 trillion wasproduced and estimated to continue growing. 

    "The value has increased,compared to the results achieved in the 2018 Indonesia Africa Forum (IAF)," Foreign Ministry said in a press statement released on Thursday.

    "Indonesia and the African countries are no longer trapped in the romance of the 1955 Asian-African Conference, as they have stepped forward with more concrete cooperation," it said.

    The IAID which was inaugurated by the Indonesian President on August 20, 2019 succeeded in making a breakthrough for the cooperation enforcement with Africa. 

    During the IAID, Indonesian Foreign Minister Retno Marsudi and Indonesian Vice Foreign Minister AM Fachir simultaneously held a series of bilateral meetings with several African countries such as Uganda, Madagascar, Morocco, Senegal, Equatorial Guinea, Namibia, Tanzania, Botswana, Somalia, and Nigeria. 

    The Indonesian Foreign Minister also had the opportunity to meet H.E. Raila Odinga, the High Representative of African Union for Infrastructure Development.

    Besides the business agreement, in the event, Indonesia has also signed a Joint Statement with Djibouti regarding the establishment plan of Preferential Trade Agreement (PTA). Meanwhile, the PTA with Mozambique will be signed in the short future. Indonesia also carried out the first round of negotiation of the PTA formation Mauritius in the last two days of the meeting. 

    "Indonesian Foreign Ministry as the spearhead of the diplomacy, especially economic diplomacy, in collaboration with the Ministry of Trade continues to encourage the PTA with non-traditional markets to increase the exports of Indonesian products," it remarked.

    In terms of SOEs and private business' progresses, IAID has facilitated product expansion to Africa, including the investment of Energi Mega Persadain oil and gas sector in Mozambique,and Sinar Antjol which continues to expand to Ethiopia, Ghana, and most recently to Tanzania," it noted.


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